How Much Does 2015 Chevrolet Spark EV Insurance Cost?

Searching for the cheapest insurance coverage rates? Consumers have many options when looking for affordable Chevy Spark EV insurance. You can either waste hours calling around to compare prices or utilize the internet to get rate quotes.

There is a right way and a wrong way to find insurance coverage online so you’re going to learn the proper way to price shop coverage for a Chevy and obtain the cheapest rates.

If you are insured now or are shopping for new coverage, you can use these tips to find better prices while maximizing coverage. This article will help you learn the most effective way to quote insurance and some tips to save money. Vehicle owners just need to know the proper methods to buy insurance coverage over the internet.

How to Lower Your Car Insurance Cost

Finding a lower price on 2015 Chevy Spark EV insurance can be relatively painless. The only thing you need to do is invest a few minutes to compare rate quotes from different insurance companies. This can be done in a couple of different ways.

The first (and easiest) way consumers can analyze rates is an all-inclusive rate comparison (click to open form in new window). This type of form saves time by eliminating multiple quote forms for every car insurance company. Just one form will get you rate comparisons from many national carriers. Recommended for those who want to invest the least amount of time.

A less efficient way to compare prices requires visiting the website for every company you want to comare to complete a price quote. For instance, we’ll pretend you want to compare rates from Progressive, Farmers and GMAC. To get each rate you have to spend time on each company’s site and enter your information, which is why the first method is more popular. To view a list of companies in your area, click here.

The hardest method to compare rates is to spend time driving to and from local insurance agencies. The ability to buy insurance online makes this process obsolete unless you have a need for the professional guidance only provided by licensed agents. However, consumers can compare online quotes and get advice from an agent in your area. We’ll cover that shortly.

It doesn’t matter which method you choose, just make absolute certain that you use apples-to-apples coverages and limits for every company. If you have higher or lower deductibles it will be very difficult to determine the lowest rate for your Chevy Spark EV.

Lower rates by qualifying for discounts

The cost of insuring your cars can be expensive, but companies offer discounts to cut the cost considerably. Some trigger automatically when you get a quote, but less common discounts must be requested specifically before being credited. If they aren’t giving you every credit you qualify for, you’re paying more than you need to.

  • Federal Employees – Simply working for the federal government can save as much as 8% on Spark EV insurance with a few insurance companies.
  • More Vehicles More Savings – Insuring multiple cars or trucks on one policy could earn a price break for each car.
  • Clubs and Organizations – Belonging to certain professional organizations may earn a discount on your policy on Spark EV insurance.
  • Claim Free – Claim-free drivers pay much less compared to drivers who are more careless.
  • Own a Home – Owning a home can save you money because owning a home is proof that your finances are in order.
  • Driver Safety – Taking a course in driver safety could cut 5% off your bill if your company offers it.
  • Theft Prevention System – Anti-theft and alarm systems can help prevent theft and qualify for as much as a 10% discount.

Consumers should know that many deductions do not apply the the whole policy. Most only cut individual premiums such as collision or personal injury protection. Even though it may seem like you can get free auto insurance, companies don’t profit that way. Any amount of discount will cut the amount you have to pay.

To see a list of insurers with the best insurance discounts, click here to view.

Lesser-known factors impacting Chevy Spark EV insurance rates

It’s important that you understand some of the elements that play a part in calculating your car insurance rates. When you know what positively or negatively controls the rates you pay helps enable you to make changes that could result in better car insurance rates.

Shown below are some of the items that factor into premiums.

  • Are you male or female? – The statistics show that men are more aggressive behind the wheel. However, this does not mean men are worse drivers. Women and men are in accidents at a similar rate, but men have costlier accidents. Men also receive more costly citations such as DWI and reckless driving. Young males are several times more likely to be in an accident and therefore are the most expensive to insure.
  • Where you live can impact rates – Living in small towns and rural areas can be a good thing when it comes to car insurance. Fewer drivers means reduced accidents. Urban drivers have to deal with much more traffic to deal with and longer commutes to work. More time on the road means more change of being in an accident.
  • Special features that cut premiums – Purchasing a vehicle that has an advanced theft prevention system can save you a little every year. Theft prevention devices such as GM’s OnStar, tamper alarm systems and vehicle immobilizers all aid in stopping auto theft.
  • How many coverages with the same company – The majority of car insurance companies give discounts to customers who consolidate policies with them, otherwise known as a multi-policy discount. Even with this discount, it’s still a good idea to comparison shop to make sure you are getting the best deal.
  • Pleasure use or commuting – The more miles you rack up on your Chevy in a year the higher your rates will be. Almost all companies rate vehicles based upon how you use the vehicle. Cars and trucks left parked in the garage qualify for better rates than vehicles that are driven to work every day. Improper usage on your Spark EV may be wasting your money. Make sure your car insurance policy is rated on how each vehicle is driven.
  • Careful drivers pay lower rates – Your driving citation history has a huge affect on how much you pay. Good drivers get better rates than people who have multiple driving citations. Even a single speeding ticket can increase rates forty percent or more. Drivers who have severe citations such as DWI, reckless driving or hit and run convictions may need to submit a SR-22 form to the state department of motor vehicles in order to drive a vehicle legally.

Car insurance is unique, just like you

When buying the best auto insurance coverage for your personal vehicles, there isn’t really a single plan that fits everyone. Your needs are not the same as everyone else’s.

For example, these questions can aid in determining whether or not you may require specific advice.

  • When should I drop full coverage on my 2015 Chevy Spark EV?
  • Should I buy additional glass protection?
  • I have health insurance so do I need medical payments coverage?
  • Is my vehicle covered by my employer’s policy when using it for work?
  • What if I owe more than I can insure my car for?
  • Should I waive the damage coverage when renting a car?
  • Should I sign the liability waiver when renting a car?
  • Are split liability limits better than a combined single limit?

If you’re not sure about those questions, then you may want to think about talking to a licensed agent. To find an agent in your area, complete this form. It’s fast, doesn’t cost anything and can help protect your family.

Slick advertising tricks that work

Consumers can’t ignore all the ads for cheaper car insurance from companies such as Allstate, Geico and Progressive. All the companies make the same claim that you can save after switching your policy.

How does each company claim to save you money?

Insurance companies are able to cherry pick for the driver that is profitable for them. For example, a preferred risk could possibly be between 30 and 50, owns a home, and has a short commute. Any new insured that hits that “sweet spot” is entitled to the best price and is almost guaranteed to save when they switch companies.

Consumers who fall outside this ideal profile must pay a more expensive rate which usually ends up with business going elsewhere. The ads state “drivers who switch” not “people who quote” save that kind of money. That is how companies can advertise the savings.

This illustrates why it is so important to get as many quotes as possible. It is impossible to predict the company that will provide you with the cheapest Chevy Spark EV insurance rates.

Educate yourself about car insurance coverages

Having a good grasp of car insurance can help you determine which coverages you need and the correct deductibles and limits. The terms used in a policy can be ambiguous and coverage can change by endorsement.

Insurance for medical payments

Personal Injury Protection (PIP) and medical payments coverage reimburse you for bills like chiropractic care, X-ray expenses, hospital visits, dental work and EMT expenses. They can be used to cover expenses not covered by your health insurance policy or if you do not have health coverage. They cover both the driver and occupants as well as being hit by a car walking across the street. Personal injury protection coverage is only offered in select states and may carry a deductible

Auto liability

This protects you from damages or injuries you inflict on people or other property in an accident. This coverage protects you from claims by other people, and doesn’t cover damage to your own property or vehicle.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You commonly see liability limits of 100/300/100 which means $100,000 in coverage for each person’s injuries, $300,000 for the entire accident, and a total limit of $100,000 for damage to vehicles and property. Occasionally you may see one limit called combined single limit (CSL) which limits claims to one amount rather than limiting it on a per person basis.

Liability coverage protects against things such as legal defense fees, structural damage, court costs, repair bills for other people’s vehicles and pain and suffering. How much liability should you purchase? That is a decision to put some thought into, but consider buying as high a limit as you can afford.

Collision protection

Collision coverage pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for things such as crashing into a ditch, colliding with another moving vehicle, hitting a parking meter, driving through your garage door and sustaining damage from a pot hole. This coverage can be expensive, so analyze the benefit of dropping coverage from lower value vehicles. It’s also possible to raise the deductible in order to get cheaper collision rates.

Uninsured Motorist or Underinsured Motorist insurance

Your UM/UIM coverage protects you and your vehicle when the “other guys” are uninsured or don’t have enough coverage. It can pay for hospital bills for your injuries and damage to your Chevy Spark EV.

Due to the fact that many drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is a good idea. Most of the time your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Comprehensive coverage (or Other than Collision)

Comprehensive insurance coverage pays for damage OTHER than collision with another vehicle or object. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage pays for claims like falling objects, hail damage, damage from a tornado or hurricane and hitting a bird. The maximum payout you can receive from a comprehensive claim is the actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

Keep this in mind

Drivers who switch companies do it for a number of reasons such as being labeled a high risk driver, not issuing a premium refund, poor customer service or an unsatisfactory settlement offer. Whatever your reason, finding a new company is less work than it seems.

When you buy insurance online, it’s a bad idea to skimp on critical coverages to save a buck or two. In many cases, someone sacrificed comprehensive coverage or liability limits only to regret at claim time that the savings was not a smart move. The proper strategy is to purchase a proper amount of coverage at the best price.

You just read a lot of information how to save on 2015 Chevy Spark EV insurance. The key concept to understand is the more providers you compare, the higher the chance of saving money. Consumers may even find the lowest priced auto insurance comes from the least-expected company.

More detailed auto insurance information can be read by following these links: